But as it stands I think you've already made the choice.

Originally posted by @Valerie Kerste:@Jay Hinrichs If you can believe it, we actually have a couple of Lines in place on raw land and use them actively for investing in residential real estate.thats pretty good.. out here in the west those would only happen for premier borrowers IE heavy deposit relationships.. 

If you do have the money, you have a choice to buy this opportunity or not.Essentially, all Investments are a risk.HOWEVER, the more research you do, the more you can reduce that risk.If you do your research and you find out that the adjecent neighborhoods have Gentrified and that they are NOW spilling into the Flatbush area AND you have noticed that the City has invested in public transportation (they opened up a new subway station in the Flatbush area), you can make a fairly intelligent guess that the high price will only get higher, recognizing it as an opportunity.However, if your research does NOT indicate that this property will be at a higher price in the future, and you do not buy this property, you can't get lucky here and have to look elsewhere.Now, let's say you recognized the opportunity AND you were prepared and you BOUGHT this 3 family investment in Flatbush.10 years later, that $1 Million purchase you made in the year 2020 is now worth $2 Million in 2030.What do you think your friends and family would say when you tell them that you bought your 3 Family Flatbush property for $1 Million 10 years ago and you made $1 Million in unrealized profits today in 2030?

@Roland Wiederaenders is a good choice and can probably help you out a lot.  

If he's raising your antennae, move in.It's your property and your choice.  

First Republic - CaliforniaFulton BankGFA Federal Credit Union 10 yr draw, 10 yr repay, MAGranite State CU, NH 90-100%Great Lakes Credit Union Hanscom FCU, FloridaHSBC 70%, for premier clients only Horizon, Kalamazoo MichiganHuntington 75% LTV 5 yr IO product available.

To build your networks, and facilitate choices for your first job (see below) Local industry networks, including local builders exchange, local and regional homebuilders association.

I am just learning about all this (so hopefully i got the below right) but there are folks here on BP who can help you build the spreadsheets so you can make a rational choice - or at least know what  your options mean :)

Between the two choices I’d go with plan A and it sounds like you should be able to buy the last 2 or 3 with cash. 

Krista Ybarra - RE/MAX Premiere